UBS boosts Intel's second-quarter financial targets

MattAndrejczak

SAN FRANCISCO (MarketWatch) -- UBS on Wednesday raised its second-quarter estimates on Intel Corp.
INTC, -0.78%
citing strong sales of laptop chips. UBS boosted its forecast to 33 cents a share on sales of $9.3 billion, up from its prior estimate of 32 cents a share on sales of $9.2 billion. Intel, the world's largest chipmaker, reports earnings July 19. The stock rose 10 cents to $26.78 in early trading.

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